💰Car hacking: Save money by buying 5-9 year old cars with depreciation but minimal repair costs.
📱Buy cheap phones: Avoid expensive high-end phones unless necessary for professional use.
🛒Avoid sales: Refrain from unnecessary shopping and buying items on sale just for the sake of it.
💼Side hustles: Increase income by taking on additional jobs or gigs outside of your main job.
🚫Cut out drinking: Save money by limiting or avoiding alcohol consumption, especially in expensive restaurants.
Why should I buy older cars?
—5-9 year old cars offer a sweet spot of depreciation and minimal repair costs.
Is buying an expensive phone worth it?
—Unless you need advanced camera features for professional use, cheaper phones work just as well.
Should I shop during sales?
—Avoid buying unnecessary items during sales as you may end up spending money on things you don't truly need.
What are some examples of side hustles?
—Side hustles can include freelancing, part-time jobs, or leveraging your skills for extra income.
Why should I cut out drinking?
—Cutting out or limiting alcohol consumption can save you money, especially in restaurants where drinks are often expensive.
00:00Introduction and the importance of extreme saving strategies.
02:00Car hacking: Saving money by buying 5-9 year old cars with depreciation and minimal repair costs.
05:40Buying cheap phones to avoid unnecessary expenses.
07:30Avoiding sales to prevent impulsive purchasing.
09:30Side hustles as a way to increase income.
11:45Cutting out drinking to save money.
